Section 8 Fair Market Rent (FMR) for ZIP 28002 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 28002 in Stanly County, North Carolina, presents a unique challenge for real estate analysts due to the lack of comprehensive data. Specifically, key metrics such as the number of residents, percentage of renters, median income, and median home value are not available, which makes it difficult to paint a complete picture of the area's economic health and stability.

Despite these data gaps, there are still insights to be gleaned regarding the impact of Section 8 vouchers on the local rental market. The Fair Market Rent (FMR) for the metro area including ZIP 28002 for fiscal year 2026 is set at $930. This figure serves as a benchmark for landlords accepting Section 8 vouchers. However, without specific market rent data for the ZIP code, it is challenging to compare how the FMR stacks up against typical rental prices. This lack of comparison data means that landlords must rely on broader regional trends or direct inquiries to gauge the potential financial viability of their properties under Section 8.

Given the incomplete data signature, it is difficult to definitively label ZIP 28002 as either stable or transitional. Typically, areas with low data availability might indicate a smaller population or less frequent updates, but this does not necessarily mean instability. Landlords and investors should proceed with caution, seeking additional local insights to fill in the gaps left by the missing data points. Engaging with local real estate agents or conducting a detailed neighborhood analysis can provide a clearer understanding of the dynamics at play in ZIP 28002.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.